Shanghai, Jan 18, 2026, 09:42 (GMT+8) — Market closed.
- VeriSilicon A shares closed Friday down, following a steep intraday reversal.
- China’s semiconductor sector held firm despite weakness in the wider market.
- Coming next: China’s GDP and activity figures, followed by the Loan Prime Rate decision.
VeriSilicon Microelectronics (Shanghai) Co Ltd saw its Shanghai-listed A shares finish down 1.9% at 178 yuan. Earlier, the stock tumbled over 6% to a session low but clawed back some losses. It swung between 169.80 and 184.58 before closing lower. (Investing)
The dip came despite onshore chip stocks holding strong. According to China News Service, referencing Eastmoney data, the semiconductor sector jumped 4.13% on Friday and has surged over 17% this year. On Shanghai’s STAR Market, Tianyue Advanced and Yongxi Electronics hit their daily 20% limit-up, while GigaDevice also reached its daily price cap. He Chen, an analyst at Chasing Securities, pointed to an “AI computing power boom” driving a semiconductor rebound, boosted further by domestic substitution. (China News)
The rally missed the broader market. The Shanghai Composite slipped 0.26%, even as the STAR 50 index gained 1.35%. Turnover across Shanghai, Shenzhen, and Beijing surpassed 3 trillion yuan, according to Securities Times. (STCN)
VeriSilicon remains roughly 30% higher year-to-date despite Friday’s dip, with around 23.8 million shares trading during the session. (MarketScreener)
The company offers one-stop custom silicon services and semiconductor IP licensing, all centered on its proprietary processor IP. (Verisilicon)
Data from Eastmoney revealed that VeriSilicon’s margin financing outstanding reached 24.35 billion yuan following trading on Jan. 16, accounting for roughly 2.60% of its free-float market cap. The net margin financing purchases that day were minimal, while short-selling positions remained low, the figures showed. (Eastmoney Stock Channel)
Cash trading won’t resume until after the weekend, so the next session hinges on follow-through. Traders will be watching to see if the chip sector’s strength continues to attract funds or if VeriSilicon’s late rally on Friday fizzles out early in the day.
Yet the trade can turn on a dime. Should macro data underwhelm or liquidity dry up, heavily held chip stocks might gap down. A drop below Friday’s low would shift the mood sharply.
China’s next key data drops early next week: fourth-quarter GDP and December activity figures hit Monday, then the January Loan Prime Rate arrives Tuesday, according to S&P Global Market Intelligence. Economists Chris Williamson and Jingyi Pan predict GDP growth at 4.5% year-on-year. (Spglobal)
